Warehousing Trends/Opportunities/Challenges
What is a business that provides services like warehousing, order fulfillment, or other supply chain functions called?
Third Party Logistics (3PL)
What is the typical education level of a warehouse worker?
High-school or equivalent
What war (that is still ongoing) affected critical materials such as platinum, titanium, and nickel?
Russia-Ukraine War
What is the #1 ranked city in the U.S. for the Warehousing industry?
Reno, NV
What are two ways a warehouse can be sustainable?
LED lighting, HVLS Fans, Electric Forklifts, Solar Panels, Cool/green roof
What is the state of labor participation in comparison to pre-pandemic levels? (Higher/lower)
Lower
What is the name of the labor strike on the auto industry?
UAW Strike
What is an industry that currently has heavy demand for warehousing?
pharmaceuticals, food & beverage, health, aviation & aerospace, retail, manufacturing, E-Commerce
In how many days do consumers expect delivery today?
2.5 days
What is one potential problem with remote work in the warehousing industry?
Options:
Less hands-on managers
Already struggling labor participation
Increased E-commerce requires larger facilities and more labor
Technology is not advanced enough to require no humans on a daily basis
What is one example of panic buying during the pandemic?
Toilet paper shortage
Other answers are acceptable
What are some common tools/machines a material handler would use on a daily basis?
pallet jacks, forklifts, machine operated vehicles, scan gun
What is the current warehouse vacancy rate?
about 5%
What percentage of retail sales has E-commerce reached recently?
14.6%
What did companies have to do to adapt to the pandemic?
Adjust health and safety requirements
Remote/hybrid work
What job title typically uses a yard management system?
Transportation Manager
What percent of retail purchases are expected to be online in 2024?
20%
$63,795
What canal was blocked up due to a container ship crashing and ultimately causing billions of dollars in damage to the supply chain?
The Suez Canal
Which developmental organization gives members first access to open positions on their job board?
Association for Supply Chain Management (ASCM)